Bank Austria finances Serdika Center

Bank Austria has agreed with Sparkassen Immobilien and ECE Projektmanagement to a ten-year €70m loan of  their project Serdika Center in Sofia. The 51,000 sqm shopping center, which opened in March, offers 210 stores on three floors and fully let. It’s estimated to be a €160m investment.  Sparkassen Immobilien AG from will have a 65 % stake, with the rest held by ECE from Hamburg 35 %. Precise footfall numbers aren’t known, but the developers claims  the visitor numbers have increased 20 percent since July.